Plus   Neg

Advantest Q1 Profit Down 12.7% - Quick Facts

Advantest Corp. (ATE), a manufacturer of automatic test equipment for the semiconductor industry, reported Thursday that its first-quarter net income attributable to owners of the parent declined 12.7 percent to 10.55 billion yen from 12.08 billion yen in the year-ago period. Earnings per share were 52.89 yen, down from 60.93 yen a year ago.

Operating income for the quarter decreased 11.2 percent to 13.46 billion yen from 15.16 billion yen last year.

However, net sales for the quarter rose 0.8 percent to 66.73 billion yen from last year's 66.17 billion yen.

Looking ahead to fiscal 2020, Advantest now projects attributable net income of 35.8 billion yen and operating income of 45.0 billion yen, on net sales of 260.00 billion yen.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Australia's Westpac Group (WBC.AX, WBK) agreed to pay A$1.3 billion to settle the civil proceedings over money laundering and child exploitation allegations brought by financial crimes regulator AUSTRAC. Amazon's much-awaited Prime Day shopping event will take place in mid-October, according to multiple reports. The annual sale event will reportedly kick off in the U.S. on Tuesday, October 13. Amazon Prime Day, the company's biggest, global shopping event of the year, is usually held in the U.S. in mid-July. However, the e-commerce giant confirmed in July that it is delaying this year's event. Walmart Foundation, Cargill and McDonald's said they will invest more than $6 million in a million-acre grazing initiative to help restore grasslands and address the issue of climate change. The initiative, led by the World Bank, aims to make lasting improvements to the grasslands of the Northern Great Plains. The new program is known as the Ranch Systems and Viability Planning or RSVP network.
Follow RTT